Root was founded on the belief that car insurance is broken, and we set out to change it. We’re harnessing the power of technology to revolutionize this archaic, complicated industry. Using machine learning and mobile telematic platforms, we’ve built one of the most innovative insurtech companies in the world.
The Opportunity
Root is looking for an Accountant who is a self-starter, process driven and has a strong background in complex accounting transactions and reconciliations. As an Accountant, you’ll partner with Accounting and across the organization, to perform account analysis, reconcile large transactions, and work with the team to identify, document and implement process improvements and key controls. In addition, you will own several complex accounting transactions, and statutory reporting requirements. The right candidate will have experience working in a fast-paced accounting space, with a high emphasis on accountability and be objectively logical and passionate about digging into the details.
Salary Range: $70.000 - $93,500
Root is a “work where it works best” company. This means we will support you working in whatever location that works best for you across the US.
How You Will Make an Impact
- Prepares journal entries for a rotating set of processes, including reinsurance and various cash-related items.
- Prepares reconciliations for accounts subject to journal entries prepared.
- Own several month-end accounting transactions and processes.
- Assists in the preparation of quarterly and annual statutory accounting statements.
- Assists in the filing of various state filings on an annual basis.
- Continually develop, expand, and improve month-end close and financial reporting procedures by assessing and streamlining close-related activities to drive the reduction of the close timeline.
- Identify and document Key controls.
- Assist in the completion of reinsurance reports for brokers, management, and reinsurers.
- Own relationships with third party brokers and reinsurers relating to accounts mentioned above.
- Use approved AI tools to accelerate work (research, drafting, data cleanup, summarization, workflow automation).
- Various ad hoc projects as needed.
What You Will Need to Succeed
- 1-4 years of relevant accounting and/or finance experience; exposure to property and casualty insurance accounting and/or reinsurance reporting is a plus.
- Bachelor’s degree in accounting or finance.
- GAAP & statutory insurance accounting knowledge.
- Excellent skills with Microsoft Office products and data analytic tools.
- AI literacy, comfortable using approved AI tools.
- Excellent verbal and written communication skills and an ability to tailor it to a wide range of audiences.
- Ability to work effectively with all levels of the organization.
- Approaches problems with an open mind and is curious in nature.
- Great attention to detail.
As part of Root's interview process, we kindly ask that all candidates be on camera for virtual interviews. This helps us create a more personal and engaging experience for both you and our interviewers. Being on camera is a standard requirement for our process and part of how we assess fit and communication style, so we do require it to move forward with any applicant's candidacy. If you have any concerns, feel free to let us know once you are contacted. We’re happy to talk it through.
Please see our Privacy Notice available HERE for more information on how we process your personal data.
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What We Do
At Root, we’re doing things differently. We’re reimagining the services people need so that they serve them better. And we’re doing it by using data, technology, and rapid innovation to create products and experiences that are fair, easy, personal, and affordable. We’ve partnered with Carvana in a partnership that brings an industry-leading, seamless insurance process to the online car buying experience. The launch of Carvana Insurance Built with Root delivers an elevated customer experience made possible through a deep integration that pre-fills key customer information so that a customer can skip data entry and jump directly to evaluating quotes and customizing coverage. This fully embedded product experience—from quote to payment—happens entirely within the Carvana checkout process. Teams from both Carvana and Root have worked for months to build this bold technology platform. An early iteration involved 24 screens in the customer experience flow—that experience is now just three straightforward steps.
Why Work With Us
Our success is because of the hard work, ingenuity, and exceptional performance of our team. People come to Root because they know they can make an impact in their role, the company, and the industry. We’re passionate and curious self-starters, building a top-notch customer experience. Sound like something you’d like to be a part of?
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